Global mobility has evolved from a transactional function of global businesses to a strategic lever used to attract and retain the best talent. Business leaders are now understanding the valuable role mobility plays in the execution of their business’ strategy.
This is good news for those in the mobility space. However, it is not all good news. Widespread cuts and layoffs have impacted businesses across multiple sectors – in part to address a weaker than expected economy and part because of excess hiring that occurred during and post Covid.
Mobility is no different. Mobility teams are being asked to do more with less. Budget constraints, talent shortages, and quickly evolving regulatory environments all place additional pressure on mobility teams. Geopolitical tensions in places where many companies do business have added a layer of contingency planning that mobility teams now need to own. Despite additional responsibilities, mobility budgets have shrunk, and headcounts are low.